The prices of the two most important platinum-type metals also climbed steeply in recent years. Unlike the price of gold, though, they fluctuated wildly. The reason for this is that industrial demand and the state of the economy have a far greater impact on these metals’ value than on gold and silver prices.

Between 200 and 250 tonnes of each of these metals are mined every year. About 60 percent of the world’s platinum is sourced from South Africa. Russia is second in the supplier rankings. The order is reversed for palladium. Notably, this silvery-gray metal is merely a by-product of other metal mining operations. It is brought to the surface with nickel in Russia and with platinum in South Africa.




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